- Techcombank reported a pretax profit of 27.5 trillion dong for the fiscal year 2024.
- Pretax profit in 2024 rose by 20.3% compared to the previous year.
- Total operating income increased by 17.3%, reaching 47 trillion dong in 2024.
- Net interest income saw a substantial rise of 28.2%, amounting to 35.5 trillion dong in 2024.
- As of December 31, 2024, Techcombank’s total assets grew by 15%, reaching 978.8 trillion dong.
- Credit growth for Techcombank stood at 20.85% in 2024.
- Analyst recommendations include 13 buys, 2 holds, and no sells.
A look at Vietnam Technological & Commer Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts reviewing Vietnam Technological & Commer, also known as Techcombank, see a promising long-term outlook for the company based on Smartkarma Smart Scores. With a solid growth score of 4 and momentum score of 4, the bank is positioned well for future expansion and market performance. This suggests that Techcombank has strong potential for growth and is displaying positive market momentum, indicating investor interest.
Despite facing challenges in the areas of value, dividend, and resilience, with scores of 3, 2, and 2 respectively, Techcombank remains well-positioned in the market. The bank, known for providing a range of banking services to individuals, corporates, and government sectors in Vietnam, continues to be a key player in the financial sector with opportunities for further development and progress.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
